Description:
Price is currently testing a strong intraday support zone, where previous wicks have shown reactive buyers stepping in. However, momentum is weakening, and volume shows signs of exhaustion. This could lead to either a quick reversal bounce or a clean breakdown, depending on how the next few candles close.
I'm watching this zone closely for confirmation:
Long bias if bullish engulfing confirms above the key line with momentum
Short bias if price breaks down, retests, and fails to reclaim support
This is a high-probability sniper zone where liquidity pools often trigger traps. I’ll enter only on confirmation — not anticipation. SL and TP are tight due to high leverage; discipline is key.
Expecting movement within the next 5–15 minutes on lower timeframes.
Comment if you're watching the same setup — let's see how it plays out.
Price is currently testing a strong intraday support zone, where previous wicks have shown reactive buyers stepping in. However, momentum is weakening, and volume shows signs of exhaustion. This could lead to either a quick reversal bounce or a clean breakdown, depending on how the next few candles close.
I'm watching this zone closely for confirmation:
Long bias if bullish engulfing confirms above the key line with momentum
Short bias if price breaks down, retests, and fails to reclaim support
This is a high-probability sniper zone where liquidity pools often trigger traps. I’ll enter only on confirmation — not anticipation. SL and TP are tight due to high leverage; discipline is key.
Expecting movement within the next 5–15 minutes on lower timeframes.
Comment if you're watching the same setup — let's see how it plays out.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.